Karlis Kirsis - Mar 15, 2022 Form 4 Insider Report for GXO Logistics, Inc. (GXO)

Role
Chief Legal Officer
Signature
/s/ Karlis P. Kirsis
Stock symbol
GXO
Transactions as of
Mar 15, 2022
Transactions value $
-$105,890
Form type
4
Date filed
3/17/2022, 05:47 PM
Previous filing
Mar 14, 2022
Next filing
Apr 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GXO Common Stock Options Exercise $0 +3.32K +14.68% $0.00 26K Mar 15, 2022 Direct
transaction GXO Common Stock Tax liability -$106K -1.54K -5.93% $68.76 24.4K Mar 15, 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GXO Restricted Stock Units Options Exercise $0 -1.11K -50.05% $0.00 1.11K Mar 15, 2022 Common Stock 1.11K Direct F2, F3
transaction GXO Restricted Stock Units Options Exercise $0 -2.22K -50.01% $0.00 2.21K Mar 15, 2022 Common Stock 2.22K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 No shares were sold by the Reporting Person. These shares were withheld by the Issuer to fund tax liability attributable to the vesting and settlement of the Restricted Stock Units ("RSUs") reported on this Form 4. These RSUs vested and were settled on March 15, 2022, as originally scheduled, and there were no related discretionary transactions or open market sales.
F2 Each RSU represents a contingent right to receive, upon settlement, either (i) one share of GXO Common Stock, or (ii) a cash payment equal to the fair market value of one share of GXO Common Stock.
F3 The RSUs vest in four equal annual installments on the first, second, third, and fourth anniversaries of the grant date, March 15, 2019, subject to the Reporting Person's continued employment with the Issuer.